Precise calibration and measurement play an increasingly important role in the growth of the liquefied natural gas market, Marc Buttler, Emerson Automation Solutions Director of Application Innovation for Oil & Gas, told SmartBrief in an interview. Transferability of calibration and the use of dynamic flow measurement in custody transfers are two major trends in the LNG space that are key to helping players keep up with the growing LNG economy.
As the global liquefied natural gas market continues to grow, the need to shift away from oil indexation pricing mechanisms and establish a better pricing benchmark becomes more pressing. The Henry Hub, which serves as the delivery point for US gas futures, is seen as the most likely candidate for the role of global gas benchmark as surging US LNG exports increase the influence US gas prices have on foreign markets.
Some US liquefied natural gas export projects could face delays in reviews of up to 18 months as the Federal Energy Regulatory Commission struggles to address a backlog of permit applications, according to sources. FERC is hiring private contractors and may open a regional office in Houston to speed up the permitting process.
The US government will offer a record of about 78 million acres offshore Texas, Louisiana, Mississippi, Alabama and Florida for oil and natural gas drilling at an Aug. 15 lease sale. A March lease sale generated $124.8 million, with bids covering just 1% of the 77 million acres made available.
The number of natural gas exploratory wells, mainly in the Pennsylvania shale region, has surged by 265% from the second quarter of 2017 in a sign of industry health, said American Petroleum Institute Chief Economist Dean Foreman. Well completions for both oil and gas have also risen by 60% year on year, driven by a stronger oil price environment and rising gas exports, Foreman added.
The Trump administration's "energy dominance" strategy, the agendas of Northeast states and other factors are working to bring the US offshore wind industry to fruition, writes Saqib Rahim. The Bureau of Ocean Energy Management is overseeing 12 leases for offshore wind development.
MidAmerican Energy expects to break ground on a new wind farm in Grundy County, Iowa, this month that will have a total capacity of 90.8 megawatts, says the utility. The Ivester project will likely begin operations this year.
BayWa has arranged a long-term power purchase agreement with utility MCE for its 101-megawatt Strauss project in Santa Barbara County, Calif., says the firm. The project will feature a total of 30 General Electric machines.
Massachusetts electrical cooperative Berkshire Wind Power Cooperative has confirmed plans to add two turbines at a 10-turbine project in Hancock, says the utility. The project will feature two additional 2.3-megawatt units.
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